Thought I would start a new thread as probably a lot of people have same questions as me: (1) if NTA is $2.58, why is price now around 80 cents? (2) if NTA is reliable and EBI redeems some units in hedge funds for cash, won't NTA have less volatility going forward? (3)if a new unlisted trust is established, won't the discount to NTA disappear? i.e. subject to giving adequate notice, unit holders could exit at close to NTA (given there will be a bid price and offer price)? (4) if (3) is "yes", would it not be an arbitrage to buy EBI now and elect to convert to an unlisted trust?
EBI Price at posting:
90.0¢ Sentiment: LT Buy Disclosure: Held